Mastercard Incorporated (NYSE:MA) Shares Bought by Promethos Capital LLC

Promethos Capital LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 126.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,493 shares of the credit services provider’s stock after buying an additional 4,745 shares during the period. Promethos Capital LLC’s holdings in Mastercard were worth $3,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $27,000. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the period. Scarborough Advisors LLC acquired a new position in Mastercard in the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Mastercard during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.4 %

MA stock opened at $493.01 on Friday. The company has a 50 day moving average of $465.19 and a two-hundred day moving average of $460.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80. The company has a market cap of $458.31 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, equities analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is presently 20.99%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MA. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Evercore ISI dropped their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. KeyCorp raised their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders have sold 605,124 shares of company stock valued at $280,045,189 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.